Tolu Minerals (ASX:TOK) ROCE % : -17.24% (As of Dec. 2023)

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What is Tolu Minerals ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Tolu Minerals's annualized ROCE % for the quarter that ended in Dec. 2023 was -17.24%.

Tolu Minerals ROCE % Historical Data

The historical data trend for Tolu Minerals's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Tolu Minerals ROCE % Chart

Tolu Minerals Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-7.68

-17.24

Tolu Minerals Semi-Annual Data
	Dec20	Dec21	Dec22	Dec23
ROCE %	-	-	-7.68	-17.24

Tolu Minerals ROCE % Calculation

Tolu Minerals's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-4.528	/	( ( (31.368 - 1.026)	+	(23.756 - 1.579) )	/ 2 )
	=	-4.528	/	( (30.342	+	22.177)	/ 2 )
	=	-4.528	/	26.2595
	=	-17.24 %

Tolu Minerals's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Dec. 2022 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Dec. 2022 )		(Q: Dec. 2023 )
	=	-4.528	/	( ( (31.368 - 1.026)	+	(23.756 - 1.579) )	/ 2 )
	=	-4.528	/	( ( 30.342	+	22.177 )	/ 2 )
	=	-4.528	/	26.2595
	=	-17.24 %

(1) Note: The EBIT data used here is one times the annual (Dec. 2023) EBIT data.

Tolu Minerals (ASX:TOK) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Tolu Minerals ROCE % Related Terms

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Tolu Minerals (ASX:TOK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Tolu Minerals Ltd (ASX:TOK) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Unit 5, Ground Floor, Turumu Haus, Spring Garden, Gordons, Moresby North East, Port Moresby, PNG, 121

Website

https://www.toluminerals.com

Tolu Minerals Ltd is an emerging exploration company with rights to three significant gold and silver and copper resource opportunities in PNG. Its projects include the Tolukuma Gold Mine, the Tolukuma Gold Mine, and the Mt Penck Tenement.